Wednesday, November 23, 2011

GOLD Intraday Technical analysis 2011-11-23

The gold approach to the intermediate resistance of its medium-term bearish channel in 1710 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1730.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1710 with a 1st objective of 1720, then 1725. A break in 1708 would invalidate this scenario.

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